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A statement released earlier today by Needham about Mobileye N.V. (NYSE:MBLY) raises the target price to $55.00

Mobileye N.V. (NYSE:MBLY) had its target price raised to $55.00 by Needham in a report released 12/1/2016. The new target price indicates a possible upside of 0.48% based on the company's last stock close price.

Just yesterday Mobileye N.V. (NYSE:MBLY) traded -0.83% lower at $37.23. The company’s 50-day moving average is $37.97 and its 200-day moving average is $42.08. With the last close down -11.53% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Volume of trade was down over the average, with 2,208,843 shares of MBLY changing hands under the typical 2,940,280

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Mobileye N.V. (NYSE:MBLY)

Mobileye N.V. has a 52 week low of $23.57 and a 52 week high of $51.15 with a P/E ratio of 93.07 The company’s market cap is currently $0.

In addition to Needham reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $54.67 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Mobileye N.V. (NYSE:MBLY)

Mobileye N.V. is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing (OEM) and aftermarket (AM). The Company's OEM segment supplies the software algorithms and EyeQ chip that are the technology of the ADAS to the Tier 1 companies, which are the system integrators for the automotive industry. In the AM segment, the Company sells system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components. The Company's software algorithms and EyeQ chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. The Company's technology is available in approximately 220 car models from over 20 OEMs.

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